Isanti County/Isanti/55040

55040

ZIPSAFMR

Isanti County, MN

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ZIP Investment Score

82Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,120	$1,230	1.5%
1 BR	$1,270	$1,400	1.6%
2 BR	$1,540	$1,680	1.3%
3 BR	$2,040	$2,050	0.7%
4 BR	$2,280	$2,210	0.3%
5 BR	$2,622	Not available	0.3%
6 BR	$3,015	Not available	0.3%
7 BR	$3,468	Not available	0.3%
8 BR	$3,988	Not available	0.3%

Purchase Price Calculator

Maximum purchase price

$187,731

Cost breakdown

+Likely effective rent$1,680

HUD FMR$1,540

Market rent$1,760

Est. payment standard (109%)Used$1,680

-Principal and interest-$949

Loan amount$150,185

Down payment$37,546

Rate6.50%

Term30 years

-Operating costs-$531

Property taxes-$188

Insurance-$175

Utilities$0

HOA$0

Management-$168

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$27,015(72.0% ROI)

Projected value

$202,166

Return breakdown

Property appreciation+$14,435

Loan principal paid down+$5,381

Rental cash flow+$7,200

5-year hold

+$46,265(123.2% ROI)

Projected value

$212,400

Return breakdown

Property appreciation+$24,669

Loan principal paid down+$9,595

Rental cash flow+$12,000

10-year hold

+$99,444(264.9% ROI)

Projected value

$240,311

Return breakdown

Property appreciation+$52,581

Loan principal paid down+$22,864

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.62ratio

FMR$1,120

Market$1,820

vs market-$700

FMR is below market; voucher rent may lag private rents.

0.62

1 BR

0.73ratio

FMR$1,270

Market$1,730

vs market-$460

FMR is below market; voucher rent may lag private rents.

0.73

2 BR

0.88ratio

FMR$1,540

Market$1,760

vs market-$220

FMR is below market; voucher rent may lag private rents.

0.88

3 BR

1.00ratio

FMR$2,040

Market$2,050

vs market-$10

FMR is near market; voucher and private rents are aligned.

1.00

4 BR

1.03ratio

FMR$2,280

Market$2,210

vs market+$70

FMR is near market; voucher and private rents are aligned.

1.03

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 55040 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 55040 (Isanti, MN) is $1,540 a month. That is up 1.3% from $1,520 in FY 2026. Isanti is in the Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,734. Among 15 ZIP codes in Isanti County, 55040 is tied for the 8th-highest two-bedroom rent (county range $1,540–$2,230). The median county two-bedroom FMR in Minnesota is $1,048, so ZIP 55040 is 47% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 55040
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,100	$1,120	+1.8%	$1,008–$1,232
1BR	$1,250	$1,270	+1.6%	$1,143–$1,397
2BR	$1,520	$1,540	+1.3%	$1,386–$1,694
3BR	$2,020	$2,040	+1.0%	$1,836–$2,244
4BR	$2,270	$2,280	+0.4%	$2,052–$2,508

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 55040
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,120	$1,270	$1,540	$2,040	$2,280
FY 2026	$1,100	$1,250	$1,520	$2,020	$2,270
FY 2025	$1,070	$1,210	$1,480	$1,970	$2,240
FY 2024	$1,070	$1,210	$1,480	$2,000	$2,260
FY 2023	$930	$1,060	$1,300	$1,770	$2,040

Two-bedroom rent in nearby Isanti County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 55040
55005	$2,100	+36.4%
55006	$1,540	0.0%
55008	$1,590	+3.2%
55017	$2,230	+44.8%
55029	$1,590	+3.2%
55032	$1,620	+5.2%
55040Current	$1,540	—
55056	$1,540	0.0%
55070	$1,540	0.0%
55079	$1,890	+22.7%
55080	$1,540	0.0%
55371	$1,540	0.0%

Questions about ZIP 55040 rents

How much will Section 8 pay for a two-bedroom in ZIP 55040?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,734, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,561 to $1,907 a month; under the ZIP-level Small Area FMR of $1,540 it would be $1,386 to $1,694. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 55040 in?

ZIP 55040 is in the Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,734.

How much did fair market rent change in ZIP 55040 for FY 2027?

The two-bedroom FMR rose 1.3%, from $1,520 in FY 2026 to $1,540 in FY 2027. Since FY 2023 it has risen 18.5%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rent Isanti, MN fair market rent MN statewide rents What is SAFMR?Data sources